ShepWave IMPORTANT Update for Thursday. Daily Time Frame ENDING WEDGE PATTERN!?
by ShepWave.com
Posted: 4/4/2018 17:19 EST
IMPORTANT INTRA DAY UPDATE PUBLISHED for THURSDAY: KEY TARGETS BEING HIT!
Markets moving very quickly. Notice that the gap from two weeks ago in the Dow Industrials index is now filled. Took two days to finally complete that primary target--after waiting two weeks for some of you.
See new Fibonacci targets for QQQ/NDX (60 min QQQ chart).
Be ready for the next sudden move--it is coming.
Log In at www.shepwave.com for today's Intra Day ShepWave Update.
The Outside UP day on Thursday for the major U.S. equity indexes has potentially changed the preferred short term view. Last evening we were preferring to see an Elliott Wave Theory, wave 3 of wave 3. This could still be the case. But for now we have three technicals we are concerned with:
(1) Outside Up day of Wednesday for major U.S. equity indexes.
(2) Successful re-test (so far) of the 200 day moving averages.
(3) Possible Ending Wedge pattern we saw supported with Wednesday's action.
The Regular Update for Thursday has been published. This Update shows the critical daily time frame technical analysis for the Dow Indu, Dow Trans, SPX, NDX, RUT, WTI (CRUDE OIL), GOLD, and the VIX.
This should answer a lot of your questions regarding the importance of the rest of the action this week. Expect some quick and sudden moves to continue. Targets could get hit quickly and THEN we will reset new targets. Remember, try not to assume too much. Take the market moves as they come.
Log In at www.shepwave.com for Thursday's Regular ShepWave Update.
Keeping in mind the technicals we covered earlier (for Thursday) in the Regular ShepWave Update, on the daily time frame--now you can read the Pre-market / Intra Day Update for Thursday covering the shorter term technical analysis.
Be ready for short term targets to (once again) probably be quickly hit and reversed.
Log In at www.shepwave.com for BOTH ShepWave Updates for Thursday.
The $169 Six Month ShepWave Subscription Special will end later this week.
| Reference: Shepwave.com is a technical analysis site for the Major U.S. stock indexes. We use Elliott Wave theory along with our proprietary indicators to give analysis for the Dow Industrials, Nadaq 100 and S&P 500 indexes. We specialize in trading the QQQ and DIA. |
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